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Best China Testing, Inspection and Certification (TIC) Market Report

China Testing, Inspection and Certification (TIC) Market: Size and Forecasts with Impact Analysis of Covid-19 (2020-2024)

Publish Date:June 2020
No. of Pages:62

Format : Adobe Reader (PDF) Instant delivery

US$ 850.00

Scope of the Report

China Testing, Inspection and Certification (TIC) Market | Industry Analysis 2020

The report titled “China Testing, Inspection and Certification Market: Size and Forecasts with Impact Analysis of Covid-19 (2020-2024)” provides analysis of the China TIC market in terms of value, segments (by application and by services) and volume. This is followed by a qualitative analysis of impact of Covid-19 on TIC market.

Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and would be driving the growth of the industry. Growth of the overall China TIC market has also been forecasted for the period 2020-2024, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

China TIC market is highly fragmented and SGS S.A., Bureau Veritas, Centre Testing International Group and Intertek Group Plc are some of the players whose company profiling has been done in this report. In this segment of the report, business overview, financial overview and business strategies of the companies are provided.

Company Coverage

SGS S.A.
Bureau Veritas
Centre Testing International Group
Intertek Group Plc

Executive Summary

The testing, inspection and certification (TIC) market encompasses conformity assessment bodies. These bodies provide various services such as auditing and inspection, testing, verification, quality assurance and certification. These services take place in-house and are outsourced as well.

The TIC market can be split on the basis of services and application. On the basis of services, the market is trifurcated into testing, inspection and certification. On the basis of application, the market can be divided into construction engineering and construction materials, environmental protection and monitoring, vehicle inspections, food and packaging, electronic products, special equipment, machinery and auto, quarantine, metrology and others.

The China Testing, Inspection and Certification Market is forecasted to grow at a healthy rate over the forecast period (2020-2024). The various growth drivers that have supported the growth of the market are spike in disposable income, rising middle class population, growth in construction sector and liberalization which has allowed foreign companies to operate in China. Production of forged certificates and other risk factors such as uncertainty linked to China’s macro conditions and the country’s TIC market regulations. Outsourcing of TIC operations, strategic investments by domestic players in areas like aerospace, semiconductor, rail etc. and development of green transportation solutions are some of the latest trends existing in the market.

Covid-19 would have a have varying impact on different TIC applications in China. Food testing would be the least affected by the pandemic and TIC demand for medical devices and protective-wear is likely to remain robust. For construction testing, demand is estimated to recover quickly as China’s major construction projects are expected to restart. Consumer and trade services are likely to be worst affected.


Tags :







1. Executive Summary

2. Introduction

2.1 Testing, Inspection and Certification (TIC): An Overview
2.2 Advantages of Testing, Inspection and Certification (TIC)
2.3 Working of TIC
2.4 China TIC Market Overview
2.5 Guobiao Standard: Overview 
2.6 China Compulsory Certification: Overview 
2.7 SELO Certification: Overview

3. China Market Analysis 

3.1 China Testing Inspection and Certification Market Analysis 

3.1.1 China Testing Inspection and Certification Market by Value
3.1.2 China Testing Inspection and Certification Market by Application
3.1.3 China Testing Inspection and Certification Market by Services (Testing, Inspection and Certfication)
3.1.4 China Inspection Services Market by Value 
3.1.5 China Testing and Certification Services Market by Value 
3.1.6 China TIC Market by Number of Service Providers
3.1.7 China Testing, Inspection and Certification Market by Type of Company 

4. Impact of Covid-19 

4.1 Impact on TIC Market 

4.1.1 Least and Worst Affected Industries
4.1.2 Demand of TIC for Medical Products 
4.1.3 Demand of TIC for Quality Check of 5G Network 
4.1.4 Demand for TIC in Green Buildings

5.Market Dynamics 

5.1 Growth Drivers
5.1.1 Spike in Disposable Income
5.1.2 Rising Middle Class Population
5.1.3 Growth in Construction Sector 
5.1.4 Liberalization 
5.1.5 Solid Crop Production Activity 

5.2 Challenges 
5.2.1 Production of Forged Certificates 
5.2.2 Other Risk Factors 

5.3 Market Trends
5.3.1 Outsourcing TIC operations 
5.3.2 Strategic Investment
5.3.3 Development of Green Transportation Solutions

6. Competitive Landscape

6.1 China Testing Inspection and Certification Market Players Analysis 

6.1.1 China TIC Market Players by Share
6.1.2 China TIC Market: Domestic Peers Comparison

7. Company Profiles

7.1 SGS S.A.
7.1.1 Business Overview
7.1.2 Financial Overview
7.1.3 Business Strategy

7.2 Centre Testing International Group
7.2.1 Business Overview
7.2.2 Business Strategy

7.3 Bureau Veritas
7.3.1 Business Overview
7.3.2 Financial Overview
7.3.3 Business Strategy

7.4 Intertek Group Plc
7.4.1 Business Overview
7.4.2 Financial Overview
7.4.3 Business Strategy
Figure 1: China Testing Inspection and Certification Market by Value; 2015-2019 (US$ Billion)
Figure 2: China Testing Inspection and Certification Market by Value; 2020-2024 (US$ Billion)
Figure 3: China Testing Inspection and Certification Market by Application; 2019 (Percentage,%)
Figure 4: China Testing Inspection and Certification Market by Services; 2019 (Percentage,%)
Figure 5: China Inspection Services Market by Value; 2019-2024 (US$ Billion)
Figure 6: China Testing and Certification Services Market by Value; 2019-2024 (US$ Billion)
Figure 7: China TIC Market by Number of Service Providers; 2013-2019
Figure 8: China TIC Market by Type of Company; 2016-2019 (Percentage,%)
Figure 9: China Disposable Income Per Capita: Median Data; 2015-2019 (US$)
Figure 10: Middle Class in China as a % of Urban Households; 2012-2022
Figure 11: China Crop Production Index; 2011-2016
Figure 12: China TIC Market Players by Share; 2018
Figure 13: SGS Revenue; 2015-2019 (US$ Billion)
Figure 14: SGS Revenue by Segments; 2019 (Percentage,%)
Figure 15: SGS Revenue by Region (Percentage,%)
Figure 16: Bureau Veritas Revenue; 2015-2019 (US$ Billion)
Figure 17: Bureau Veritas Revenue by Segments (Percentage,%)
Figure 18: Bureau Veritas Revenue by Region (Percentage,%)
Figure 19: Intertek Revenue; 2015-2019 (US$ Billion)
Figure 20: Intertek Revenue by Segments; 2019 (Percentage,%)
Figure 21: Intertek Revenue by Region;2019 (Percentage,%)
Table 1: China Domestic TIC Peers and respective service areas